Computation of Asset Interest. On any date, the Asset Interest will be equal to the percentage equivalent of the following fraction: IA+RR NPB where: IA = the Invested Amount on the date of such computation; RR = the Required Reserve on the date of such computation; and NPB = the Net Pool Balance on the date of such computation; provided, however, that the Asset Interest during the Liquidation Period shall equal 100%.
Computation of Asset Interest. On any date, the Asset Interest shall be equal to a fraction (expressed as a percentage), the numerator of which is the Senior Investor Balance and the denominator of which is the Benchmark Amount, each as of such day; provided, however, that during the Liquidation Period, the Asset Interest shall be the Asset Interest computed as of the day immediately preceding the commencement of the Liquidation Period; provided, further, that the Asset Interest shall not exceed 100%.
Computation of Asset Interest. On any date, the Asset Interest will be equal to a percentage, expressed as the following fraction: PTI + ACR + LCR + LR + DR ------------------------- NPB where: PTI = the then Purchaser's Total Investment; ACR = the then Accrued Cost Reserve; LCR = the then Liquidation Cost Reserve; LR = the then Loss Reserve; DR = the then Dilution Reserve; and NPB = the then Net Pool Balance; PROVIDED, HOWEVER, that the Asset Interest shall not exceed XXX (except for purposes of determining whether, and to what extent, the Asset Interest exceeds the Allocation Limit); and PROVIDED, FURTHER, that the Asset Interest, as computed as of the day immediately preceding the Termination Date, will remain constant at all times on and after the Termination Date until the Final Payout Date, unless at any time the Administrator requests a recalculation of the Asset Interest, in which case the Asset Interest shall remain constant following such recalculation until the Final Payout Date, or, if earlier, until the date of the next such recalculation.
Computation of Asset Interest. On any date, the Asset Interest will be equal to a percentage, expressed as the following fraction: C + RR ------ NPB where: C = the then Capital. RR = the then Required Reserves. NPB = the then Net Pool Balance; provided, however, that from and after the Termination Date, the Asset Interest will be 100%
Computation of Asset Interest. On any date, the Asset Interest will be equal to the percentage equivalent of the following fraction: PTI+RR ------ NPB where: PTI = the sum of the Purchaser's Total Investment and aggregate CP Discount; RR = the Required Reserve; and NPB = the Net Pool Balance;
Computation of Asset Interest. On any date of computation, the Asset Interest will be equal to a percentage, expressed as the following fraction:
Computation of Asset Interest. On any date, the Asset Interest will be equal to a percentage, expressed as the following fraction: C + RR ------ NPB where: C = the then Capital. RR = the then Required Reserves. NPB = the then Net Pool Balance; provided, however, that the Asset Interest, as computed as of the day immediately preceding the Termination Date, will remain constant at all times on and after the Termination Date until the Final Payout Date, unless at any time the Administrator requests a recalculation of the Asset Interest, in which case, if such recalculated Asset Interest is higher, the Asset Interest shall remain constant following such recalculation until the Final Payout Date, or, if earlier, until the date of the next such recalculation of a higher Asset Interest.
Computation of Asset Interest. On any date, the Asset Interest will be equal to a percentage, expressed as the following fraction: TTI+RR+IR --------- NPB+OCEEC where: TTI = the then Transferee's Total Investment; RR = the then Required Reserve; IR = the then Insurance Reserve; NPB = the then Net Pool Balance; and OCEEC = the lesser of (i) the aggregate amount of Obligor Coverage then in effect divided by the sum of (x) 1.0 minus (y) the Insurance Dilution Reserve and (ii) the Eligible Excess Concentrations as of such date; provided, however, that the Asset Interest during the Liquidation Period shall be deemed to equal 100%.
Computation of Asset Interest. On any date, the Asset Interest will be equal to a percentage, expressed as the following fraction: PTI + ACR + LCR + LR + DR NPB where: PTI = the then Purchaser's Total Investment; ACR = the then Accrued Cost Reserve; LCR = the then Liquidation Cost Reserve; LR = the then Loss Reserve; DR = the then Dilution Reserve; and NPB = the then Net Pool Balance; provided, however, that the Asset Interest during the Liquidation Period shall equal 100%.
Computation of Asset Interest. On any date, the Asset Interest will be equal to a percentage, expressed as the following fraction: PTI + LCR + LR + DR ------------------- NPB where: PTI = the then Purchaser's Total Investment; LCR = the then Liquidation Cost Reserve; LR = the then Loss Reserve; DR = the then Dilution Reserve; and NPB = the then Net Pool Balance; provided, however, that the Asset Interest, as computed as of the day immediately preceding the Termination Date, will remain constant at all times on and after the Termination Date until the Final Payout Date, unless at any time the Administrator requests a recalculation of the Asset Interest, in which case the Asset Interest shall remain constant following such recalculation until the Final Payout Date, or, if earlier, until the date of the next such recalculation.
